For anyone that thinks they know where the market is headed, fill in the blanks:
“The S&P Index will be between __ and __ on Jun 21, 2019. I am 95% confident.”
If your range is smaller than the options market implies and you would like to profit off your market-beating knowledge, PM me for how to structure a derivatives bet on it.
It doesn’t seem like the stock market and coin market are particularly correlated so I wouldn’t expect much of a change in the hobby, but honestly, I have no idea.
I recall looking at this a couple years ago and charted the S&P index to the coin market and saw absolutely no correlation between the two. I won't try to dig up my charts but it was an interesting exercise at the time. During Bear stock markets sometimes coins go up; sometimes they go down.
@DollarAfterDollar said:
My thoughts are than instability in Washington, (departures, investigations, gridlock, etc) combined with tariffs are the root cause to all of this countries current economic difficulties. Tax cuts, repatriated money, wage increases and enormous government spending should be plenty of fuel for growth. Growth is slowing because of the above.
I'm sure the orange one want's a successful run for a second term. To avoid a recession during election season he's going to need to negotiate his way out of economy crippling tariffs. If he does that the recession threat is diminished. If not, look out below.
what gibberish,,, markets rallied 40 % in 2 years ,,,it drops 18 % and the sky is ready to fall ,,,spending,,, l o l ,, spending from 2008 - 2016 doubled debt ,,,, weak eu , asia economies will slow USA economy in 2019 ,,, oil crashed 40 % in 3 months
When the bubble pops (as will happen as the Fed continues to raise interest rates), the stock market will tank. I think precious metals will go up which may help generic gold and silver U.S.coins but not much else.
@YQQ said:
How about buying a stock that pays a 6-10% dividend every Quarter and has done so for the past 15 years. It trades between 3,50 and 4.25 $ CAN. It is very tightly held.
Better than coins?
Haven't done anything with my account for a while, but will be getting back into the TSX and VSE next year.
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
What is this "CNBC" that you speak of?
Q: Are You Printing Money? Bernanke: Not Literally
I enjoy reading these types of threads because I like to see the different opinions of some bright people (and yes more than a few cranks). Now if I want investment advice, a coin forum won’t be my first choice.
Although if roadrunner was still posting on here, I might listen...
"Look up, old boy, and see what you get." -William Bonney.
No one does. Markets and people are not always rational. If they were computers, technical models and algorithms could do everything but that's not now the world works. Remember the famous investment advisor quote "Past performance is not indicative of future results".
@MilesWaits said:
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
I shared these screenshots with some people online yesterday, figured you may enjoy too. CNBC can't make their mind up...and these two articles were 4-5 articles away from eachother on their app 🤔 :
@MilesWaits said:
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
One of their guests was calling for a bull market, but the majority of their in house experts are calling for a flat market or at best, a slight gain for 2019. Same was true with the bear market call that was issued by a guest.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Ah the doom and gloom crowd.... low prices on stocks or coins = buy..... High prices on stocks and coins = sell. Do not try to wait and capture the top or bottom....These are not my original thoughts (surprise, surprise )....but sound advice. I do not worry, I just endure - and win a little...Cheers, RickO
I believe it will be bullish for coins, mainly bullion related. Many investors cashing out of stocks are buying bullion related coins. For most part they really have no interest in numismatic coins. Perhaps this will develop over time. They are seeking NGC, PCGS slabbed material close to BV both US and World. A number of them are interested in graded Currency: World, USA NBN, USA large size type (especially if they have banking or securities analyst background). Some were burned during 1989 coin market crash and tell me “never again.”
Case, An MBA Finc Analyst having bought some AGB 1oz NGC 69 and a couple PCGS MS69 China Pandas close to melt from a bullion dealer told me at a recent show: “I would rather bulk up on these close to melt and continue completing my WQ 1932-1964 set in grades VG 08-MS66 but limit spending to no more than $300 per coin.” He bought a nice 1949-S PCGS 65 25c and some PCGS graded US Currency from me. He is also buying ranch land for a spread between DFW and Amarilillo put a nice trailer home w above ground pool / deck for country getaway.
20 years ago the dollar was a lot stronger, demographically the money was distributed a lot more evenly, the middle class was is decent shape; and they are the collectors of mid range coins.
Comments
For anyone that thinks they know where the market is headed, fill in the blanks:
“The S&P Index will be between __ and __ on Jun 21, 2019. I am 95% confident.”
If your range is smaller than the options market implies and you would like to profit off your market-beating knowledge, PM me for how to structure a derivatives bet on it.
It doesn’t seem like the stock market and coin market are particularly correlated so I wouldn’t expect much of a change in the hobby, but honestly, I have no idea.
collectibles, particularly art, normally draw money being pulled from the stock market.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I recall looking at this a couple years ago and charted the S&P index to the coin market and saw absolutely no correlation between the two. I won't try to dig up my charts but it was an interesting exercise at the time. During Bear stock markets sometimes coins go up; sometimes they go down.
Do you guys think Trump will fire the Fed chairman? Can he do that?
what gibberish,,, markets rallied 40 % in 2 years ,,,it drops 18 % and the sky is ready to fall ,,,spending,,, l o l ,, spending from 2008 - 2016 doubled debt ,,,, weak eu , asia economies will slow USA economy in 2019 ,,, oil crashed 40 % in 3 months
My wallet is a lot lighter
Don’t you wish the coin market had algorithmic trading ?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
It's only in the papers now so hang on folks ...... you only realize your lost if you sell
When the bubble pops (as will happen as the Fed continues to raise interest rates), the stock market will tank. I think precious metals will go up which may help generic gold and silver U.S.coins but not much else.
1) No
2) Only for cause
Haven't done anything with my account for a while, but will be getting back into the TSX and VSE next year.
I feel better today .
The Algo’s worked in my favor !
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Hang ON and Enjoy the ride .....................................
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
After One big day in the market, CNBC is calling for a bull market. Funny, they were just calling for a bear market. Trustworthy, straight shooting folks.
What is this "CNBC" that you speak of?
I knew it would happen.
I enjoy reading these types of threads because I like to see the different opinions of some bright people (and yes more than a few cranks). Now if I want investment advice, a coin forum won’t be my first choice.
Although if roadrunner was still posting on here, I might listen...
"Look up, old boy, and see what you get." -William Bonney.
No one does. Markets and people are not always rational. If they were computers, technical models and algorithms could do everything but that's not now the world works. Remember the famous investment advisor quote "Past performance is not indicative of future results".
I shared these screenshots with some people online yesterday, figured you may enjoy too. CNBC can't make their mind up...and these two articles were 4-5 articles away from eachother on their app 🤔 :
One of their guests was calling for a bull market, but the majority of their in house experts are calling for a flat market or at best, a slight gain for 2019. Same was true with the bear market call that was issued by a guest.
Ah the doom and gloom crowd.... low prices on stocks or coins = buy..... High prices on stocks and coins = sell. Do not try to wait and capture the top or bottom....These are not my original thoughts (surprise, surprise
)....but sound advice. I do not worry, I just endure - and win a little...Cheers, RickO
Hard for rich people to feel rich right now when they are so far down in stocks.
I think on the very high end it will hurt the coin market a bit. I am told on circ coins below $10,000.00-they are selling strong.
I will be very active bidder at FUN. I would love to see a down auction, but I suspect that will not be the case on the coins I am interested in.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
Bear market? That's so 3 days ago. The bull is back! lulz
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
"Wake me up before you go-go ........ and don't leave me hanging like a yo-yo"
Shortest bear market on record?
I believe it will be bullish for coins, mainly bullion related. Many investors cashing out of stocks are buying bullion related coins. For most part they really have no interest in numismatic coins. Perhaps this will develop over time. They are seeking NGC, PCGS slabbed material close to BV both US and World. A number of them are interested in graded Currency: World, USA NBN, USA large size type (especially if they have banking or securities analyst background). Some were burned during 1989 coin market crash and tell me “never again.”
Case, An MBA Finc Analyst having bought some AGB 1oz NGC 69 and a couple PCGS MS69 China Pandas close to melt from a bullion dealer told me at a recent show: “I would rather bulk up on these close to melt and continue completing my WQ 1932-1964 set in grades VG 08-MS66 but limit spending to no more than $300 per coin.” He bought a nice 1949-S PCGS 65 25c and some PCGS graded US Currency from me. He is also buying ranch land for a spread between DFW and Amarilillo put a nice trailer home w above ground pool / deck for country getaway.
These people are smart and know value.
It is a Bear Trap, IMO
Watch out below ..........
If you think the index bounces will be brief and stock declines then resume, that's called a "bull trap"
Liberty: Parent of Science & Industry
The US economy is not booming: https://www.theguardian.com/us-news/2018/nov/04/trump-economy-performance-reality-midterm-election-vote-2018
20 years ago the dollar was a lot stronger, demographically the money was distributed a lot more evenly, the middle class was is decent shape; and they are the collectors of mid range coins.
You are correct and I was wrong. And yes I do believe it to be a bull trap.
This thread should have been titled "Herd Mentality".